TD Ameritrade vs Ally Invest Review
The StockBrokers.com annual review (9 years running) takes six months to complete and produces over 30,000 words of research each year. Here's how we test.
Is Ally Invest better than TD Ameritrade? After scoring brokers on over 4,000 data points for our 2019 review, TD Ameritrade (86.98%) is better than Ally Invest (62.44%). The extra cost of trading with TD Ameritrade is worth every cent – the brokerage delivers fantastic platforms, research, mobile apps, education, and customer service. This outstanding all-round experience makes TD Ameritrade our No. 1 overall broker in 2019.
To start this comparison, first, we will take a look at the online broker commission rates for placing regular stock and options trades. TD Ameritrade, with its regular stock trades costing $6.95, is more expensive than Ally Invest's rate of $4.95 per trade. Looking at trading options, Ally Invest's base fee is $4.95 while TD Ameritrade's is $6.95. Each option contract then costs $0.75 at TD Ameritrade and $0.65 at Ally Invest. It's important to note that not all brokers charge a flat fee per trade. Thus, it is important to read the full commission notes for each broker, which we include with each online broker review.
Next to commission rates, being able to trade what you want is important. TD Ameritrade provides its clients with Stock Trading, Options Trading, Mutual Funds, Forex Trading and Futures Trading while Ally Invest provides clients access to Stock Trading, Options Trading, Mutual Funds and Forex Trading. Looking at mutual funds, Ally Invest offers its clients access to 14000 different mutual funds while TD Ameritrade has 12418 available funds, a difference of 1,582.
Trading access aside, by comparing popular features and functionality, we can break down relevant differences between both brokers. TD Ameritrade offers virtual trading while Ally Invest does not. Taking a look at mobile trading, Ally Invest and TD Ameritrade both have a iPhone App, iPad App and Android App. Not to be left out, online banking is also a nice benefit for many investors, and some brokerages provide these services to clients. Checking Accounts, Debit Cards and Credit Cards are offered by TD Ameritrade while Ally Invest offers Checking Accounts, Savings Accounts, Debit Cards, Credit Cards and Mortgage Loans.
Overall, between Ally Invest and TD Ameritrade, TD Ameritrade is the winner.
Ally Invest Review
TD Ameritrade Review
All pricing data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. For stock trade rates, advertised pricing is for a standard order size of 500 shares of stock priced at $30 per share. For options orders, an options regulatory fee per contract may apply.
TD Ameritrade, Inc. and StockBrokers.com are separate, unaffiliated companies and are not responsible for each other’s services and products. View terms.